Today's trading technical analysis (tips) for EUR/USD 16 May 2011, we recommend, Enter short position only in (Sell) EUR/USD above 1.4155 for target of 1.4055 and 1.4015 also place protective stop loss above 1.4175. Reason to trade short: The EURUSD pair has been trading in negative after the rumors that the Greece is about to leave the euro zone. Also the declining commodities prices has made ... [Continue Reading]
Gold (Spot) Trading Analysis for 16 May 2011, Sell below 1495
Gold intraday trading analysis for 16 May 2011, we recommend to trade short in Gold below 1495 level with targets as 1487 and 1482. Stop loss should be placed above 1498 level. Why to trade short on Gold : Gold was seen huge selling last week, also the strong US dollar was responsible for selling in gold. When we look at charts we see that gold will still continue its selling as it has broke ... [Continue Reading]
Buy Nifty 5500 put Option Near 66 for May 2011 Series, Target 89
Nifty futures has shown a strong downtrend and we are now extremely bearish as technical and fundamentals both are suggesting to enter short positions in current market. This may result in fresh short buildup at every up move, pulling nifty towards 5400 and then 5275 levels. As nifty is now strongly heading towards southward targeting the 5275 level, we expect nifty to break 5400 levels soon in ... [Continue Reading]
Nifty Futures Support Resistance Level For 16 May 2011, Sell below 5566, For Target 5459
Huge selling pulled the nifty to 5400 levels in last week, we saw nifty making series of lower high and lower lows suggesting a strong downtrend. Nifty has moved from 5900 to 5400 in a very short period of time. Today Nifty futures is trading lower by 30 points, but still we will be trading short in this market scenario as the technical indicators like RSI is loosing the momentum and strongly ... [Continue Reading]
Nifty Futures Support Resistance Level For 6 May 2011, Sell below 5539, For Target 5459
Nifty futures has been trading lower for last 9 sessions and today we have seen some profit booking in the form of short covering, due to lower crude oil prices. However we will advice traders to build short position on every up move. We are going to see more selling from the current levels which will pull the markets towards the 5200 level of past. So the current trend is down ward and taking the ... [Continue Reading]
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